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What is a patent?
A patent is granted by the government to protect the idea. The patent grants the inventor the exclusive right to develop, utilize and sell the idea. Society benefits when new technologies are brought to the market. These benefits may be realized immediately when people can achieve previously impossible feats and indirectly by the economic opportunities which innovation can bring (business growth, employment).
A lot of pharmaceutical firms and university researchers are seeking patent protection to protect their research and development. Patents can be granted to an abstract or physical product or process , or a method or composition of materials that are new to the field. Patent protection is granted to any invention that is valuable, novel, and not already known by others in the same field.
Patents give inventors a chance to be recognized for commercially viable inventions. They are an incentive to inventors to come up with new ideas. Patents permit inventors and small businesses to be confident that there’s a good chance they will get a profit for their time, effort and money spent on the development of technology. They can earn a living from their work.
Businesses with the ability to:
Create and protect the latest products and services;
Increase the value, popularity, and appeal of your products on the market
Stand out and differentiate yourself and your product from the rest.
Access to business and technical knowledge and information;
Beware of accidentally using content from third parties or loosing valuable data, creative outputs, or any other outputs that are creative.
Patents convert knowledge of the inventor into a valuable asset which opens up new opportunities for job creation through licensing and joint ventures.
Investors in the development and commercialization of technology will find small companies with patent protection appealing.
Patenting can lead to new ideas and inventions. This information can promote innovation and may qualify for protection under patents.
Patents can be used as a deterrent against non-trustworthy third parties who profit from the invention’s success.
Patent-protected technology revenue that is commercially profitable can be used for financing technology-related research and development (R&D) which increases the likelihood of better technology in future.
You can leverage intellectual property ownership to convince investors and lenders that your product has real commercial value. Sometimes, one powerful patent could open the door to multiple financing options. Patents and other IP assets are able to be used as collateral or as security for debt financing. You may also present investors with your patent assets to increase company valuation. Forbes and other publications have stated that every patent can boost the value of a company by anything from $500,000 to $1 Million.
A well-designed business plan is essential for new businesses. It should be founded on IP and demonstrate what your service or product is distinctive. Investors will be impressed if your IP rights are secure or are in the process of becoming secure, and that they agree with your business strategy.
It is crucial to keep patent protection applications private If you are the inventor of an invention. Making disclosures prior to filing can often ruin its novelty and make it invalid. Therefore, prior filing disclosures (e.g., for test-marketing, investors, or other business partners) should only be made after signing a confidentiality agreement.
There are many kinds of patents and knowing them is essential to protecting your invention. Utility patents protect new methods and inventions made by machines. Design patents cover ornamental designs. Patents for utility are the best option to protect the proprietor from copies and competitors. Patents for utility are usually issued to improve or modify existing inventions. They can also be used to enhance or alter existing inventions. A process patent will cover the acts or methods to perform a specific action. A chemical composition would include the combination of ingredients.
How long does a patent last? While utility patents are valid up to 20 years from the initial filing, they may be extended by delays in the Patent Office.
Do you wish to patent your ideas? As patents are only granted to applicants who file first, you need to file quickly – call an attorney for patents at PatentPC to protect your idea today!
When drafting a patent application, you should do a patent search, as the search can provide some insights into other people’s thoughts. You’ll be able reduce the scope of your invention. Also, you can learn about the state of the art within your area of invention. You’ll have a better idea of what your idea should be and will be better prepared for writing the patent application.
How to Search for Patents
The first step to get your patent is to do an internet search for patents. You can do a google patent search or do a USPTO search. Once the patent application has been filed, the item subject to the patent can be described as patent-pending. you will be able to locate the patent application online on the public pair. Once the patent office approves the application, you will be able to do a patent number search to find the patent that was issued which means that your product has been granted patent. In addition to the USPTO search engine, you can also utilize other search engines, such as espacenet, which is described below. Patent lawyers or a patent attorney can advise you on the process. Patents in the United States are granted by the US trademark and patent office as well as the United States patent office. The office also examines trademark applications.
Are you looking for similar patents? Here are the steps to follow:
1. Think of terms to describe your invention, based on its purpose, composition, and usage.
Start by writing down a brief and precise description of your invention. Do not use generic terms such as “device,” “process,” and “system.” Instead, consider synonyms to the terms you initially chose. Also, keep track of crucial technical terms, as well as key words.
Use the following questions to help you determine the keywords or concepts.
- What is the objective of this invention? Is it a utilitarian device or an ornamental design?
- Invention is a method to come up with something or to perform an action? Does it constitute an item?
- What is the basis of the invention? What is the physical structure of the invention?
- What is the goal of this invention?
- What are technical terms and phrases that define the nature of an invention? A technical dictionary will help you locate the right words.
2. Use these terms to find relevant Cooperative Patent Classifications at the Classification Text Search Tool. If you are unable to determine the correct classification for your invention, look through the Schemas of classes (class schedules). Consider substituting the words you’re using for describing your invention, if you do not get any results from the Classification Text Search with synonyms such as the terms you used in Step 1.
3. Examine 3. Go over the CPC Classification Definition to confirm the relevancy of the CPC classification you’ve found. The link to a CPC classification definition is provided if the chosen classification title has a blue box that includes “D” on its left. CPC classification definitions will assist you in determining the classification’s scope, so you can select the most relevant. The definitions could also contain some search tips or other recommendations which could prove useful in further investigation.
4. The Patents Full-Text Database and the Image Database allow you to find patent documents that are accompanied by the CPC classification. You can review and find the most relevant patent publications focusing first on the abstract and representative drawings.
5. Utilize this selection of most relevant patent publications to examine each one in depth for any similarity to your own invention. Be sure to read the specification and claims. There are many patents available through contacting the patent examiner and applicant.
6. Find patent applications published in the public domain using the CPC classification you picked in Step 3 from the Applications Full-Text and Image Database. You can also use the same strategy of searching you used in step 4 to limit your search results to only the most relevant patent applications by looking over the abstracts as well as the drawings on each page. After that, take a close look at the patent applications published and pay particular attention to the claims and the additional drawings.
7. Locate additional US patents by keywords in the PatFT or AppFT databases, classification search of non-U.S. patents as per below, and searching for non-patent patent disclosures in the literature of inventions using web search engines. For instance:
- Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
- Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.
To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.